Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Quote from @Alan David: i HAVENT MENTIONED THEIR PRACTICE OF WITHHOLDING ANY FUTURE EARNINGSON THE INVESTMENTS ONCE YOU MAKE A DISTRIBUTION REQUEST, IN MY CASE THAT IS TWO YEARS( SO FAR) WITH THE FUNDS JUST SITTING IN MY ACCOUNT DOING NOTHING.i IMAGINE IF THEIR FUND HAS A LOSS i WOULD BE  SUBJECT TO THAT TOO.  

Sitting around waiting and hoping will get you no where.Also, history seems to repeat itself.  

I am now out 50k and have a few hundred grand sitting in escrow.7. not willing to just walk from 50k if there was not this 50k I would have just moved on.8.

You'll find your ceiling where people snag your unit and are happy versus it sitting empty.  

That said, targeting homes needing work or properties sitting unsold due to poor pricing can still yield opportunities—that's what I do successfully.

Just come up with a list of questions (especially ones you might even already know the answer to) and sit down with a few. 

Prices haven't fallen, and rents haven't moved up enough.Investors either need to work harder, be more creative, accept negative cash flow, or sit on the sidelines. 

That’s one of the cons because that money might not be deployed in a deal and it may just be sitting there.

Sit on your hands a little longer.